other material
confidence high
sentiment neutral
materiality 0.25
FuelCell Energy subsidiary extends Calgary lease for solid-oxide facility to Sep 2028
FUELCELL ENERGY INC
- Versa Power Systems extended lease for Second Additional Premises (18,627 sq ft) to September 30, 2028.
- Initial annual base rent ~$149k CAD, subject to annual increases; first five months (Aug-Dec 2024) rent abated.
- Premises at 4800 52nd Street SE, Calgary used for office, R&D and solid-oxide cell stack manufacturing.
- Prior expansions: 48,000 sq ft (Jan 2023) and 32,000 sq ft original, all now co-terminous in Sep 2028.